Bank of India offers various banking and financial products to cater to the needs of different customers. The bank also offers an array of savings accounts ranging from Ordinary Savings Account to the Super Saving Plus Account.

Bank of India Savings Account Interest Rates

BOI Savings Account Balance

Rate of Interest

Up to Rs. 50 lakh

3.50% p.a.

Above Rs. 50 lakh

4.00% p.a.

Bank of India savings account interest rate is 4% per annum if the balance in the account is above Rs. 50 lakh. For balances up to Rs. 50 lakh, the rate of interest provided is 3.50% per annum.

*Bank of India savings account interest rate is 4% per annum if the balance in the account is above Rs. 50 lakh. For balances up to Rs. 50 lakh, the rate of interest provided is 3.50% per annum.

3. BOI Savings Plus Scheme

BOI Savings Plus Scheme

Features

Minimum Balance Requirement

Rs. 25000 in Savings Account

Rs. 5000 in Term Deposit

Auto Sweep Facility

Yes

Interest Rate

Up to 6% p.a.*

Nomination Facility

Available

Eligibility Criteria

Resident Indian

*Bank of India savings account interest rate is 4% per annum if the balance in the account is above Rs. 50 lakh. For balances up to Rs. 50 lakh, the rate of interest provided is 3.50% per annum. Bank of India offers 5.25% p.a. interest for tenure ranging from 15 days to 45 days; 5.75% p.a. for tenure ranging from 46 days to 90 days; 6% p.a. interest on tenure ranging from 91 days to 179 days.

4. BOI Super Saving Plus

BOI Super Saving Plus

Features

Initial Balance

Rs. 20 lakh

Average Quarterly Balance requirement

Rs. 5 lakh

Period of Deposit

Less than 6 months

Nomination Facility

Available

Eligibility Criteria

All those who can open Savings Account are eligible to open this account

5. Diamond Saving Bank Account

Diamond Saving Bank Account

Features

Initial Balance

NIL

Average Quarterly Balance*

Rs. 1 lakh & above

Interest Rate

4% p.a.**

Debit Card

Free Issuance of International Platinum card

Free Group Personal Accidental Death Insurance Cover

Rs. 5 lakh

*Up-gradation and down-gradation of tierised Savings Bank Account every quarter by the system on the basis of AQB maintained in the last quarter. The system extends the benefits automatically, if accounts fall under diamond category and vice-versa.**Bank of India savings account interest rate is 4% per annum if the balance in the account is above Rs. 50 lakh. For balances up to Rs. 50 lakh, the rate of interest provided is 3.50% per annum.

6. BOI Star Yuva Account

BOI Star Yuva Account

Features

Average Quarterly Balance Requirement

Age group 21-35 years:- Rs.5,000/-in Metro/Urban Branches

Rs. 2500/- in Semi-urban/Rural Branches

Internet Banking Facility

Available

Interest Rate

4% p.a.*

Personal Accident Insurance

Complimentary Cover Up to Rs.50,000 (Age group of 18-21 years)

Rs. 5 lakh cover (After 21 years)

*Bank of India savings account interest rate is 4% per annum if the balance in the account is above Rs. 50 lakh. For balances up to Rs. 50 lakh, the rate of interest provided is 3.50% per annum.

7. BOI Star Mahila SB Account

BOI Star Mahila Account

Features

Average Quarterly Balance Requirement

Rs. 5000

Internet Banking Facility

Available

Interest Rate

4% p.a.*

Group Personal Accident Death Insurance

Cover of Rs.5 lakhs (Premium paid by Bank)

Eligibility Criteria

Women (18 years of age and above)

*Bank of India savings account interest rate is 4% per annum if the balance in the account is above Rs. 50 lakh. For balances up to Rs. 50 lakh, the rate of interest provided is 3.50% per annum.

8. BOI Star Senior Citizen SB Account

BOI Star Senior Citizen SB Account

Features

Average Quarterly Balance Requirement

Rs. 10000

Internet Banking Facility

Available

Interest Rate

4% p.a.*

Group Personal Accident Death Insurance

Cover of Rs.5 lakhs (Premium paid by Bank)

Eligibility Criteria

Citizen (57 years of age and above)

*Bank of India savings account interest rate is 4% per annum if the balance in the account is above Rs. 50 lakh. For balances up to Rs. 50 lakh, the rate of interest provided is 3.50% per annum.

9. SB Account for Pensioners

BOI SB Account for Pensioners

Features

Minimum Balance Requirement

Zero Balance Savings Account

Internet Banking Facility

Available

Interest Rate

4% p.a.*

Issuance of DD/Pay slips

Free 6 DD/ Pay slips per Quarter

Eligibility Criteria

All Pensioners drawing pension from Bank of India irrespective of age

*Bank of India savings account interest rate is 4% per annum if the balance in the account is above Rs. 50 lakh. For balances up to Rs. 50 lakh, the rate of interest provided is 3.50% per annum.

10. BOI Basic Savings Account (No Frill)

BOI Basic Savings Account (No Frill)

Features

Minimum Balance Requirement

Zero Balance Savings Account

Debit Card

Free Debit Cum ATM card

Interest Rate

4% p.a.

Nomination Facility

Available

Eligibility Criteria

Adult Resident Individuals

11. Jai Jawan Salary Plus Account For Defence Personnel

BOI Jai Jawan Salary Plus Account

Features

Minimum Balance Requirement

Zero Balance Savings Account

Debit Card

Free Platinum Debit Cum ATM Card

ATM Withdrawal Limit / POS Limit

Rs. 50000 / Rs. 1 lakh

RTGS / NEFT Charges

Free

Eligibility Criteria

All permanent employees of Defence Forces

12. Salary Plus Account Scheme

Bank of India offers different packages with various benefits for Para-Military Forces, Employees of Central & State Government/Universities/Colleges & Public Sector Undertaking, and Private Sector Employees. The features for all these accounts are as follows:

Para Military Forces

Para Military Forces

Features

Minimum Balance Requirement

Zero Balance Savings Account

Debit Card

Free Platinum Debit Card

ATM Withdrawal Limit / POS Limit

Rs. 50000 / Rs. 1 lakh

RTGS / NEFT Charges

Free

Eligibility Criteria

All employees on regular pay roll of Para Military forces (Minimum take home salary Rs 10,000/- p.m.)

Employees of Central & State Government

Employees of Central & State Government

Features

Minimum Balance Requirement

Zero Balance Savings Account

Debit Card

Free Platinum Debit Card

ATM Withdrawal Limit / POS Limit

Rs. 50000 / Rs. 1 lakh

RTGS / NEFT Charges

Free

Eligibility Criteria

Employees of Central and State Government/ Universities/ Colleges/PSU (Minimum Take home salary of Rs. 10000)

If you are planning to open a savings account with Bank of India, then it becomes necessary to be aware of the BOI Savings account documentation. Listed below are the essential documents required with your recent photographs to open a BOI Savings account.

You can easily open a Bank of India Savings Account by following 3 easy steps:

Download Application form online from Bank of India’s official website. After downloading the form, you need to fill the application form, print it and then sign it. After that you need to attach all the required documents as well, which are as follows:

Copy of passport

Two photographs of account holder/s

Signatures to be verified by Indian embassy/known bankers

Full particulars as provided in the application form including nomination

All documents should be duly attested and verified by known bankers / Indian Embassy

Submit to your nearest branch

For any queries, you can also contact Bank of India using below-mentioned phone banking numbers.